Vehicles imports up in May

Vietnam imported 14,941 vehicles of different kinds in May, with total value reaching $311 million, up 29.2% in volume and 21.7% in value, as compared to April.

Cumulatively total 58,716 vehicles were imported in the first five months of this year, with value standing at $1.24 billion, down 5.2% in volume and 11.9% in value over the same period of 2023.

Regarding import markets during the five-month period, Indonesia took the lead with 26,233 vehicles exported to Vietnam, earning $380 million. Thailand ranked second in terms of volume, with 18,495 units, but 3^rd, after China, in terms of value ($357 million).

China ranked 3^rd in terms of vehicle numbers exporting to Vietnam, with 11.869 units in the first five months of this year. However, it surpassed Thailand, ranking second in terms of value, with a total of $373 million.